MRV (MRVE3) impresses with releases, but action collapses with cash flow still pressed

MRV (MRVE3) impresses with releases, but action collapses with cash flow still pressed

The action even fell 7.97% at the minimum of the day, at R $ 6.26. (Image: Disclosure)

THE MRV (Mrve3) positively surprised in the second quarter launches and sales of 2025, but the still fragile cash flow has weighed, and the market did not forgive. The action even fell 7.97% at the minimum of the day, at R $ 5.77.

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At about 2:50 pm, the papers retreated 5.74%, quoted at R $ 5.91.

According to Bank Safrathe operating results were strong, with releases totaling R $ 3.4 billion in General Sales Value (VGV), 13% above the estimated by the bank. Net sales totaled R $ 2.7 billion, up 24% in the quarter, but were 4% below expectations. The index of Offer sales (VSO) reached 22.2%, with a slight quarterly advance, but still below the projection of the house.

Despite good commercial performance, cash flow is still the concern of analysts. The adjusted operational burning was $ 77 million, while the crop expected positive generation of $ 30 million. The result was impacted by delays in regional subsidies and changes in Caixa’s transfers policy.

The American subsidiary Resia contributed positively, with cash generation of R $ 215 million in the quarter, the result of the sale of the enterprise Dallas West and from a terrain.

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In the view of Harvestthe performance of MRV It is not yet enough to generate optimism. The recommendation remains neutral, with target price of R $ 8 and expectation of negative market reaction, which was confirmed throughout the trading session.

On the other side, the Itaú BBA had a slightly positive reading of the results. The bank pointed out that the launches came 37% above its projections and that Brazilian sales were 11% above expected. Cash display of $ 104 million, although relevant, was considered milder than the $ 150 million consumed in the 1T25.

THE BBA It also valued the performance of the resia, which generated US $ 39.3 million (about R $ 219 million) in cash, reversing the losses recorded in the two previous quarters.

Even so, the bank maintains a preference for other low -income builders as Directional (Dirr3), Cury (Cury3) and Plan & Plan (PLPL3).

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Source: Moneytimes

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